19Exercise of powers with respect to works
(1)The Company and the Board may enter into and carry into effect agreements with respect to the construction, maintenance, use and operation of any of the works, or any part of any of those works, and any works required for the purposes thereof or in connection therewith by the Board or by the Company, or by the Company and the Board jointly, and any such agreement may make provision with respect to any other matters incidental or subsidiary thereto or consequential thereon, including the defraying of, or the making of contributions towards, costs incurred by either party to the agreement.
(2)Without prejudice to the generality of subsection (1) above, any such agreement may provide for the exercise by the Board or by the Company, or by the Company and the Board jointly, of all or any of the powers of the Company or the Board (as the case may be) with respect to any of the works and any works required for the purposes thereof or in connection therewith.
(3)The exercise by the Board or by the Company or by the Company and the Board jointly, under this section of any powers of the other of them with respect to the works, or any part of any of those works, or any works required for the purposes thereof or in connection therewith, shall be subject to the same provisions in relation to those powers as would apply if those powers were exercised by the Company or the Board (as the case may be) alone, and accordingly those provisions, with any necessary modifications, shall apply to the exercise of such powers by the Board or the Company, or by the Company and the Board jointly.
(4)The Company and the Board may enter into, and carry into effect, agreements for the transfer to, and vesting in, the Board or the Company, or the Company and the Board jointly, of any of the works or any part of any of those works, or any works required for the purposes thereof or in connection therewith, together with the rights and obligations of the Company or the Board (as the case may be) in relation thereto.